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PBS Explains Credit Default Swaps and AIG Bailout

submitted by NetRunner

1 decade 6 years 3 weeks ago

From YT: Insurer AIG is among the financial titans to hit troubled times in the recent Wall Street crisis. Paul Solman takes an in-depth look at the woes at AIG and explains how credit default swaps played a role its financial turbulence. You can ask Paul questions through the NewsHour's Business Desk at: http://www.pbs.org/newshour/businessdesk/

1 Comment

GeeSussFreeK

says...

Thanks net, the more and more I learn of the finacial sector, the more and more I am repulsed. It seems like the current system just primes itself so that when disastor hits,it is extremely bad.

It is kinda neat to think that making interest used to be considered imoral. That to make money doing nothing was considered to be a leach and something to avoid. And in some times and places, it was made an illegal practice. Would a move to something like this line of thinking be something that helps us in our current crisis?

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